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. >> jon: we'll be here then. if they fight for a decade that should be all right. we're all going to die! [laughter] >> it's been three years we haven't done anything. you have to address it at some point. you would hope a private mortgage finance system well functioning. you have to have it well regulated and if you have that you have a much better functioning economy afterwards. >> jon: one word yes or no is that -- there any possibility in this universe that that gets done? >> 50/50. >> jon: "guaranteed to fail" it's really disturbing. get it. the new droid incredible 2. i could use a smartphone with social apps to stay up on what my friends are doing. and it's global, so i'll know what they're doing while they're doing it, even when i travel. i'll have to act surprised when they tell me stuff. i don't have a good surprised face. maybe i can look up videos of surprised people on my new phone for reference. yep, i really want that phone. upgrade to the new droid incredible 2 by htc2@ with global capabilities for only $149.99. now on america's largejç, most relia
. >> jon: we'll be here then. if they fight for a decade that should be all right. we're all going to die! [laughter] >> it's been three years we haven't done anything. you have to address it at some point. you would hope a private mortgage finance system well functioning. you have to have it well regulated and if you have that you have a much better functioning economy afterwards. >> jon: one word yes or no is that -- there any possibility in this universe that that gets...
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republican mitt romney and jon huntsman met face to face. what did they say? >> it was a nice exchange, a nice greeting. wishing each other luck and being friends. that's the way that all the candidates on the republican side should be. >> reporter: halfway across the country in clear lake, iowa, two other candidates enjoyed the same parade though hardly the same crowds. >> hi there. happy fourth of july. >> reporter: the surging michele bachmann was surrounded by a sparkly throng of supporters and a new campaign bus. the fourth is a glorious day for all americans including candidates. for them, it may be a chance to take a break from their recent big obsession, cash. mitt romney expects to come in somewhere south of 20 million. tim pawlenty, jon huntman and ron paul all way south of that. around 4 million apiece. meanwhile, president obama could raise as much as 60 million, though he spent the day with men and women whose value is beyond priceless. >> i cannot think of anybody i would rather celebrate with than all of you, the men and women of our military an
republican mitt romney and jon huntsman met face to face. what did they say? >> it was a nice exchange, a nice greeting. wishing each other luck and being friends. that's the way that all the candidates on the republican side should be. >> reporter: halfway across the country in clear lake, iowa, two other candidates enjoyed the same parade though hardly the same crowds. >> hi there. happy fourth of july. >> reporter: the surging michele bachmann was surrounded by a...
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Jul 21, 2011
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jon, we were talking earlier on the surface it seems like a few points shift but given the backdrop of this economy and unemployment it's pretty dramatic. >> and the factor seems to be the debt ceiling standoff. take a look at the numbers against mitt romney, the president last opened up a lead, a pretty significant lead you see there of 51% to 44%. the lead is even more dramatic against other other candidate. look where he was a month ago, mitt romney was tied with president obama. the big factor here, in fact, the only factor that has really changed is that independent voters have moved away from the republicans and towards the president. >> so independent voters watching the debt showdown and weighing in. >> reporter:s that sea exactly right and don't like the way the republicans have been handling it. >> speaking of the republicans you take a look at how they're stacking up with the race. a familiar name starting to inch up. >> romney is still the front-runner if you look at the republican field. but look who is number two, not even a candidate at this point. sarah palin, she had d
jon, we were talking earlier on the surface it seems like a few points shift but given the backdrop of this economy and unemployment it's pretty dramatic. >> and the factor seems to be the debt ceiling standoff. take a look at the numbers against mitt romney, the president last opened up a lead, a pretty significant lead you see there of 51% to 44%. the lead is even more dramatic against other other candidate. look where he was a month ago, mitt romney was tied with president obama. the...
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[cheers and applause] >> jon: that's our show. join us tomorrow night at 11:00. here it is your moment of zen. >> first lady michelle was seen ordering a cheesebugger, fries captioning sponsored by comedy central captioned by media access group at wgbh access.wgbh.org >> tonight will america default on its debt? and if so, will canada let us crash on their couch for a while? then, a fresh young face for the republican party. he's only 235 years old. [laughter] and my guest david mccullough has a new book about americans in paris. sounds like somebody wants to deduct his vacation. [laughter] a six-year-old beauty queen has retired. i'm not surprised -- she was starting to get crow's dimples. this is "the colbert report." captioning sponsored by comedy central ["the colbert report" theme music playing] [cheers and applause] thank you very much. woo! woo! boom boom boom boom! [cheers and applause] [crowd chanting stephen] [cheers and applause] welcome to the report. good to have you with us. that kind of chanting makes me want to say, you are the man! but -- [laught
[cheers and applause] >> jon: that's our show. join us tomorrow night at 11:00. here it is your moment of zen. >> first lady michelle was seen ordering a cheesebugger, fries captioning sponsored by comedy central captioned by media access group at wgbh access.wgbh.org >> tonight will america default on its debt? and if so, will canada let us crash on their couch for a while? then, a fresh young face for the republican party. he's only 235 years old. [laughter] and my guest...
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let me bring it back to you, jon karl. all the negotiations over the next compromise are kind of in suspended animation until speaker boehner acts on this bill today but i think one of the big problems you face is that once he does send -- get this through, if he does get it through, it's going to be very hard to get any of his republicans to vote for the real compromise in a day or two or three. >> reporter: well, that's exactly right. both of your points right. first of all there are no negotiations going on in that compromise right now because all the focus is getting this passed in the house. speaker boehner isn't exactly taking calls from democrats but trying to get his own republicans in line. once he does this, this is going to be very difficult for him to get -- to go any further by way of compromise. if there is a compromise it's going to take a lot of democrats to pass it in the house. >> a lot of democrat, that's exactly right. key market openings sunday night, the next big deadline to watch for, as well. >> tha
let me bring it back to you, jon karl. all the negotiations over the next compromise are kind of in suspended animation until speaker boehner acts on this bill today but i think one of the big problems you face is that once he does send -- get this through, if he does get it through, it's going to be very hard to get any of his republicans to vote for the real compromise in a day or two or three. >> reporter: well, that's exactly right. both of your points right. first of all there are no...
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jake tapper, jon karl on capitol hill. jon, given the deadlock, the senate republican leader mitch mcconnell says he doesn't think a deal can be reached so calm up with a last-ditch fallback. >> reporter: last choice option, only if the talks completely collapse. it's complicated but the bottom line is, it would give the president the authority on his own to gradually raise that debt ceiling by $2.5 trillion between now and the election. the political burden is all the president's. he can do it without spending cuts and even in the face of opposition from the majority in congress. i talked to a lot of republicans in the house, rank and file, who say it's not acceptable. they want real spending cut, a lot of them and nothing else. >> there's no guarantee of spending cuts even though it would avoid tax increases. any openness in the white house to that and where do they think the talks are right now? are they as pessimistic as mr. mcconnell? >> reporter: well, mcconnell's deal sent two signals to the white house, one, good n
jake tapper, jon karl on capitol hill. jon, given the deadlock, the senate republican leader mitch mcconnell says he doesn't think a deal can be reached so calm up with a last-ditch fallback. >> reporter: last choice option, only if the talks completely collapse. it's complicated but the bottom line is, it would give the president the authority on his own to gradually raise that debt ceiling by $2.5 trillion between now and the election. the political burden is all the president's. he can...
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so, jon, what is next here? >> reporter: josh, speaker boehner has just finished speaked the a group of 240 house republicans in a private meeting. and i'm told he went and made an impassioned appeal, onene last appeal, to get in line and support his plan to raise the debt ceiling. i'm told that he said, quote, i am a happy warrior. i love everyone here. but he said he's got to have their support for this because if they don't support this, the options that come later will be far worse. he still has to convince some of those republicans who don't want any debt ceiling, however, to go along with this. meanwhile, in the senate, democrats say it is absolutely dead. so, we are not at the end game here yet. what happens next is really anybody's guess. josh? >> all eyes and many angry voters turning their attention, now, to the capitol. the deadline, again, tuesday. jon karl, with the very latest from washington. >>> meanwhile, the standoff there comes as we get more discouraging news about the economy. figures out th
so, jon, what is next here? >> reporter: josh, speaker boehner has just finished speaked the a group of 240 house republicans in a private meeting. and i'm told he went and made an impassioned appeal, onene last appeal, to get in line and support his plan to raise the debt ceiling. i'm told that he said, quote, i am a happy warrior. i love everyone here. but he said he's got to have their support for this because if they don't support this, the options that come later will be far worse....
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. >> jon kyl was in negotiations as you know with the vice president. he said there were certain revenue raisers and other areas that perhaps we could work on. >> reporter: senator john mccain won't say exactly what "revenue raisers" are, but he says he and some other republicans aren't necessarily opposed. it sounds a lot like what president obama and democrats have been asking for. but republicans insist that if revenue raisers is code for tax increases, that's a deal breaker. senator john cornyn says he's no fan of a debt ceiling extension but it may have to happen. >> the problem with a mini deal is we have a maxi problem. and that big problems aren't going to go away if you cut a mini deal. >> reporter: and he blasted an idea suggested by some democrats that the u.s. constitution empowers the president to keep on spending, even if uncle sam goes over his credit limit. brian moore, nbc news, washington. >>> for u.s. troops in keerg astan, it's already the fourth of july. service members at the u.s. transit center held a cookout to celebrate independ
. >> jon kyl was in negotiations as you know with the vice president. he said there were certain revenue raisers and other areas that perhaps we could work on. >> reporter: senator john mccain won't say exactly what "revenue raisers" are, but he says he and some other republicans aren't necessarily opposed. it sounds a lot like what president obama and democrats have been asking for. but republicans insist that if revenue raisers is code for tax increases, that's a deal...
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and it out for ninety minutes off morkel time extra time so venezuela push ahead from the get go with jon karl among the not a shot and ninety fourth minute deflected off mikel and on to the post two minutes later venezuela hit the woodwork again this sign from a free kick. there of why we're down out so the hundred first minute after santana but the second yellow but despite being a player venezuela failed to find a winning goal and the match went through and it seems there was a taker frankly in the senate so his shot easily saved by the law expert that opponents of the wrong sport parried was fifth in a row for telling terrible right through to the final without winning a single game in mobile playing time there right now face europe why the cup america and. boxing and heavyweight and centers have put pen to paper as they seek to claim the recently vacated zel u.b.a. belt response a guy of and russian alexander prevents going to go head to head on august twenty seventh in germany it will be two thousand and four olympic gold medalist the best kids first title fight the thirty one year
and it out for ninety minutes off morkel time extra time so venezuela push ahead from the get go with jon karl among the not a shot and ninety fourth minute deflected off mikel and on to the post two minutes later venezuela hit the woodwork again this sign from a free kick. there of why we're down out so the hundred first minute after santana but the second yellow but despite being a player venezuela failed to find a winning goal and the match went through and it seems there was a taker frankly...
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jon, thanks so much. robin? >> all right, david. >>> so many families along the atlantic coast worried today after a shark attack in shallow waters. a 6-year-old girl is recovering after a shark bit her on the foot and leg while she was playing close to shore. abc's steve osunsami is in topsail beach, north carolina, with the latest on that, good morning, steve. >> reporter: good morning, robin. that little girl was a little thing playing in water that was this high. just 18 inches. surprisingly high enough for a shark attack. the 6-year-old girl was floating ononer boogie board. had no idea what was lurking in the water just 18 inches below. the shark came from behind, grabbed on to her right leg and wouldn't let go. her mother, watching a few away, started screaming. >> mother yelled that the child had been apparently bit by a -- what appeared to be a shark. >> reporter: she was air lifted to a hospital two hours away. this morning, her family is grateful she is alive and in good condition. here on the carolin
jon, thanks so much. robin? >> all right, david. >>> so many families along the atlantic coast worried today after a shark attack in shallow waters. a 6-year-old girl is recovering after a shark bit her on the foot and leg while she was playing close to shore. abc's steve osunsami is in topsail beach, north carolina, with the latest on that, good morning, steve. >> reporter: good morning, robin. that little girl was a little thing playing in water that was this high. just...
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jon huntsman's campaign said they raised $4 million. you'll see drips and drabs of that. we'll see how much money people have been raising, it might give you a sense of how well their campaigns are going. >> if you're trying to raise 0 money and get votes, you can't take the weekend off. tim farley, morning briefing on sirius xm potis. bill clinton sat down for a one-on-one with our wolf blitzer. >> how worried are you right now about president obama getting re-elected? >> well on today's facts i'll be surprised if he's not re-elected. i think people understand this recession was more severe than the one i had. >> who is the strongest republican candidate out there? >> i can't tell you. >> who do you fear the most? >> i think the president will win. but you know, as you might imagine, as a democrat who is -- i've always thought myself as pro growth, pro business, pro labor democrat, i like you know, i like governor huntsman, i like governor romney. i think governor romney is doing a better job this time than he did last time. >> all right. the sex assault case against the
jon huntsman's campaign said they raised $4 million. you'll see drips and drabs of that. we'll see how much money people have been raising, it might give you a sense of how well their campaigns are going. >> if you're trying to raise 0 money and get votes, you can't take the weekend off. tim farley, morning briefing on sirius xm potis. bill clinton sat down for a one-on-one with our wolf blitzer. >> how worried are you right now about president obama getting re-elected? >>...
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some of the names on the bottom five here, jon huntsman is at 2%. a large media roll out for his campaign a couple weeks ago. newt gingrich plummeted in the polls, 1%. there's fund raising worries for his campaign. this is not good news for gingrich. one of the other names in the poll, tim pawlenty has been banking his political campaign on doing well in iowa. he's brought on a new adviser with the name huckabee. no, it's not mike huckabee. it's his daughter, sarah huckabee. she was a close confidant to huckabee. the former governor of minnesota looking for huck luck in iowa. >> huck luck. that's cute. see you tomorrow. the next political update in an hour. you can go to our website, cnnpit
some of the names on the bottom five here, jon huntsman is at 2%. a large media roll out for his campaign a couple weeks ago. newt gingrich plummeted in the polls, 1%. there's fund raising worries for his campaign. this is not good news for gingrich. one of the other names in the poll, tim pawlenty has been banking his political campaign on doing well in iowa. he's brought on a new adviser with the name huckabee. no, it's not mike huckabee. it's his daughter, sarah huckabee. she was a close...
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jon stewart made this point. he said 24-hour cable was invented for o.j. simpson. it was invented for the o.j. trial. o.j. does not kill somebody every day, thank goodness. the problem is, these people have to fill those 24 hours even when o.j. has not murdered somebody. so what they do is fill it with michele bachmann. i have a particular grievance with her. i was speaking at the university of indiana. this is a real story. six months ago, i was talking to their honor society. i go back to the hotel room and i turned on the t b. anderson cooper is doing a story where he is explaining he has to rebut and correct a story he had on the night before. congresswoman michele bachmann was on the night before and said that president obama's trip to india was going to cost $2 billion. and he had let it go. he did a wonderful thing, anderson cooper. he'd be constructed the whole story, showed how it began with an unnamed indian official. as if an unnamed indian official would have any idea what the president's trip was going to cost and involved 32 naval ships. this thing wa
jon stewart made this point. he said 24-hour cable was invented for o.j. simpson. it was invented for the o.j. trial. o.j. does not kill somebody every day, thank goodness. the problem is, these people have to fill those 24 hours even when o.j. has not murdered somebody. so what they do is fill it with michele bachmann. i have a particular grievance with her. i was speaking at the university of indiana. this is a real story. six months ago, i was talking to their honor society. i go back to the...
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sharing the spotlight in amherst was former utah governor jon huntsman, the most moderate of the candidates vying for the anti-romney vote. huntsman has already ruled out competing in iowa and understands new hampshire is a must-win state. >> it is absolutely central to victory. this is a state you must win. >> reporter: in iowa, which votes first in a presidential contest, candidates were fighting for the social conservative vote. there were long shots newt gingrich and rick santorum. as well as tea party sensation michele bachmann. a recent poll has the minnesota congresswoman in a statistical dead heat with romney while gingrich and santorum barely made a dent in the single digits. tim pawlenty also polled poorly there. he raised a disappointing $4.2 million this quarter and has had no public event over the holiday weekend. but those in the bottom half of the poll can take comfort in the fact that the early polls don't tell us that much. this time four years ago mike huckabee was way down at 4% right where rick santorum is today. huckabee ended up winning iowa. >> jan crawford in washing
sharing the spotlight in amherst was former utah governor jon huntsman, the most moderate of the candidates vying for the anti-romney vote. huntsman has already ruled out competing in iowa and understands new hampshire is a must-win state. >> it is absolutely central to victory. this is a state you must win. >> reporter: in iowa, which votes first in a presidential contest, candidates were fighting for the social conservative vote. there were long shots newt gingrich and rick...
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Jul 20, 2011
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. >> reporter: computer programmer jon bradley's software revealed the damning evidence. but after he testified, bradley tells nbc news he checked the results and discovered a software glitch. there was but one search for chloroform, not 84. defense attorney jose baez tells nbc news prosecutors never told him when they found that out, as required by law. but in a statement issued tuesday, the orange county state attorney's office said, all of this information was disclosed to the defense in a timely manner. former federal prosecutor kendall coffey. >> prosecutors want to win, but they have to do it the right way. and that means a duty to turn over evidence that's helpful to the defense even if that causes the prosecutor to lose the trial. >> reporter: as both sides continue to spar outside the courtroom, this morning we still don't know where casey anthony is. is she at one of the nearby mental health facilities here getting treatment? her attorneys certainly said that she needed it after spending three years solitaire in a cell. or did she go on perhaps to california? is
. >> reporter: computer programmer jon bradley's software revealed the damning evidence. but after he testified, bradley tells nbc news he checked the results and discovered a software glitch. there was but one search for chloroform, not 84. defense attorney jose baez tells nbc news prosecutors never told him when they found that out, as required by law. but in a statement issued tuesday, the orange county state attorney's office said, all of this information was disclosed to the defense...
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jon karl says he follows her closely on the campaign trail and no one works harder or more vigorously out there. so far, so good. >>> other news now, the postmaster general is pushing now to cut back mail delivery to just five days a week. he says the post offffe lost $8 billion last year and is on track for a similar loss this year. that's because mail volume is down mostly because of people using the internet for letters and to pay their bills. >>> it is a bittersweet morning for nasa astronauts and crew members as the final shuttle mission comes to an end. it's the end of the historic shuttle program that dates back to the 1980s. while the crew says gogo-bye to the shuttle, many nasa employees ll be saying good-bye to their jobs. >> reporter: on their last full day aboard the space shuttle "atlantis" the crew practiced landings on a computer laptop, peered out the windows and read poetry. the men on the ground who will lead "atlantis" back through the landing said thursday morning would be tough. >> i don't think you'd be human if you didn't feel something. every time you feel some
jon karl says he follows her closely on the campaign trail and no one works harder or more vigorously out there. so far, so good. >>> other news now, the postmaster general is pushing now to cut back mail delivery to just five days a week. he says the post offffe lost $8 billion last year and is on track for a similar loss this year. that's because mail volume is down mostly because of people using the internet for letters and to pay their bills. >>> it is a bittersweet...
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it's kind of funny, what jon stewart said. >> he is funny. what's your point? >> it's kind of not funny, too. seriously. >> it's fascinating. are you doing the reporting? >> i have been. writing a series of web pieces. this is just an epic story. the amount of headlines every day coming out of this story. this, on a normal day would be, you know, a month long story. every headline would have a long shelf life. yet, they keep coming. to me, the next step is what does this mean for the future of news corp. and rupert murdock. who is going to step in if there's a management takeover. >> you talked in your last piece that i read how this seems counter intuitive but it's good for roger ayles. >> for once, all the critics are not talking about fox. fox is not involved in this, as far as we know in the hacking saga. it's a legitimate business. what's going on with murdock's tabloid has nothing to do with fox news. >> explain how his enemy's within his family and news corp. are going up in flames now. that leaves ayles stronger. >> that's been roger's thing the whole t
it's kind of funny, what jon stewart said. >> he is funny. what's your point? >> it's kind of not funny, too. seriously. >> it's fascinating. are you doing the reporting? >> i have been. writing a series of web pieces. this is just an epic story. the amount of headlines every day coming out of this story. this, on a normal day would be, you know, a month long story. every headline would have a long shelf life. yet, they keep coming. to me, the next step is what does this...
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guest: mitt romney and jon huntsman, because they are the moderates in the field. mitt romney was a good governor of massachusetts. i actually think that on the whole, anyone of the plausible candidates is a real threat to the white house. unemployment is near 9%, job growth is slow, income growth is slow. the economic fundamentals shows that the white house should be worried about winning reelection next year. regardless of who is the gop nominee. host: there is a story in the politico that herman cain's top staff in iowa has resigned. guest: he also lost his new hampshire staff so that is a trend. her manner crane only reported $2.5 million raise, including a lot of seed money from his own personal fortune. the operative said he had hired, good people that know the system, looked at his campaign and decided that this was no longer of that they wanted to make. guest: i agree. herman cain was a boutique candidate. he impressed a lot of people but when push came to shove, no one wanted devoted -- wanted to vote for him. host: carolyn sacramento, thank you for waitin
guest: mitt romney and jon huntsman, because they are the moderates in the field. mitt romney was a good governor of massachusetts. i actually think that on the whole, anyone of the plausible candidates is a real threat to the white house. unemployment is near 9%, job growth is slow, income growth is slow. the economic fundamentals shows that the white house should be worried about winning reelection next year. regardless of who is the gop nominee. host: there is a story in the politico that...
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hall, dexter, jon hamm, mad men, hugh laurie, house, and timothy olyphant, justified. >> no outstanding mini series or movie, the nominees are cinema, the kennedys, mildred pierce, the pillars of the earth, and too big to fail. >> the nomnys for lead actress in a mine any series or movie are henson, taken from me, the difference an any rubin story. diane lane, jean marsh, upstairs downstairs masterpiece, elizabeth mcgovern, masterpiece. and kate winslet, mildred pierce. >> the nominees for lead actor in a mini series or movie are alba, luther. lawrence fishburne, william hurt, too big to fail. greg kinnear, the kennedys. barry pepper, the kennedys. and edgar ramirez, carlos. >> the nomnys for outstanding host for a reality or reality competition program are tom bergeron respect dancing with the stars, cat deally, so you think you can dance, phil cogan, amazing race, jeff proebs, survivor, and ryan seacrest, "american idol." >> here are this year's nomnys for reality competition program. the amazing race, "american idol," danci"dancing with the s" project run way, so you think you can da
hall, dexter, jon hamm, mad men, hugh laurie, house, and timothy olyphant, justified. >> no outstanding mini series or movie, the nominees are cinema, the kennedys, mildred pierce, the pillars of the earth, and too big to fail. >> the nomnys for lead actress in a mine any series or movie are henson, taken from me, the difference an any rubin story. diane lane, jean marsh, upstairs downstairs masterpiece, elizabeth mcgovern, masterpiece. and kate winslet, mildred pierce. >> the...
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. >> reporter: remember the good old days when jon stewart was celebrated for using the "d" word to attack the host of a cnn show called crossfire. >> you're as big a [ bleep ] on your show as any other show. >> reporter: turns out mark halperin apologized a couple years ago for saying john edwards thinks obama is kind of a "p" word that means timid. now they've used the "d" word as well, gawker reports halperin has called obama both types of genitalia, look for the "d" spot, disconnect. >> one button, two button, four. >> reporter: jeanne moos, cnn, new york. >> all right. coming up next hour, he could have been france's next president. now word that the sex assault case against dominique strauss-kahn may crumble. we'll talk about his future and whether the u.s. legal system really dropped the ball. 55 minutes after the hour. a vacation on a budget with expedia. make it work. booking a flight by itself is an uh-oh. see if we can "stitch" together a better deal. that's a hint, antoine. ooh! see what anandra did? booking your flight and hotel at the same time gets you prices hotels and airl
. >> reporter: remember the good old days when jon stewart was celebrated for using the "d" word to attack the host of a cnn show called crossfire. >> you're as big a [ bleep ] on your show as any other show. >> reporter: turns out mark halperin apologized a couple years ago for saying john edwards thinks obama is kind of a "p" word that means timid. now they've used the "d" word as well, gawker reports halperin has called obama both types of...
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Jul 7, 2011
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that was jon stewart. he hit the nail on the head. for sure it's easy to make fun but what the president is trying to do with tax expenditures is no laughing matter. liberals talk about tax expenditures as though they were just getting rid of wasteful spending. first, as a legal matter, tax expenditures are not spending. outlays are checks cut from the treasury department are defined as spending under the congressional budget act. that's what spending is. yet, most tax expenditures only lose revenue and do not include an outlay portion. tax expenditures that only lose revenue contain no spending as defined by the congressional budget act and is scored by the official scorekeepers for congress. the joint committee on taxation and the congressional budget office. and second, as a policy matter twhe comes to tax -- when it comes to tax expenditures, one person's loophole is another person's opportunity to save for college and retirement, finance a home and ties to your -- taoeugts -- tithes to your church. reducing tax expenditures is a
that was jon stewart. he hit the nail on the head. for sure it's easy to make fun but what the president is trying to do with tax expenditures is no laughing matter. liberals talk about tax expenditures as though they were just getting rid of wasteful spending. first, as a legal matter, tax expenditures are not spending. outlays are checks cut from the treasury department are defined as spending under the congressional budget act. that's what spending is. yet, most tax expenditures only lose...